"For years China has been undervaluing its currency," Sen. Jeff Sessions (R-AL) says, "which unfairly subsidizes its exports and puts American manufacturers out of business."
Sessions is the ranking Republican on the Senate Budget Committee and is the co-sponsor of a bill that addresses the issue of Chinese currency manipulation.
Fox News covers this story in this YouTube video, Sessions' part is at the end.
Related post:
Book review, Why China Will Never Rule The World: Travels in the Two Chinas
Technorati tags: jeff sessions alabama politics current affairs news democrats communism China asia history international
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